1

Count of Type Type of fund

Risk Growth Value

Average 74 17
High 10 3
Low 143 69

Ho :µ=1.5

Ha :µ>1.5

α=0.05

Test statistic=-1.86

Critical value=1.65

T calculate value 1.86 is greater than t crit value 1.65 therefore we reject the null hypothesis and accept
the alternative hypothesis. It can be concluded that with 5% level of significance that the mean expense
ratio is less than 1.5

Market cap was organised as large midcap and small. The greater percentage was large followed by mid
and lastly small cap. A low risk type of investment was the most preferred whilst only a few went for the
high risk investment. A hypothesis test done a 5% level of significance revealed that the mean expense
ratio was less than 1.5